Saturn Oil & Gas Inc. Announces Launch of Inaugural Substantial Issuer Bid
Calgary, Alberta--(Newsfile Corp. - June 11, 2025) - Saturn Oil & Gas Inc. (TSX: SOIL) (OTCQX: OILSF) ("Saturn" or the "Company"), a light oil-weighted producer focused on unlocking value through the development of our assets in Saskatchewan and Alberta, is pleased to announce the launch, as of the date hereof, of our previously announced substantial issuer bid (the "Offer") pursuant to which the Company offers to purchase from holders ("Shareholders") of common shares of the Company (the "Shares") up to...
2025-06-11 5:00 PM EDT
Saturn Oil & Gas Inc. Announces Intention to Commence Inaugural Substantial Issuer Bid, Continuing Capital Return Strategy and Further Enhancing Per Share Metrics
Saturn to offer $2.15 per common share through a fixed price tender, representing an approximate premium of 20% over the current share price on the TSX$15 million to be returned to shareholders assuming full participation, bringing total share repurchases by Saturn to approximately $34 million since Aug/24, equivalent to approximately 10% of current market capitalizationCalgary, Alberta--(Newsfile Corp. - June 5, 2025) - Saturn Oil & Gas Inc. (TSX: SOIL) (OTCQX: OILSF) ("Saturn" or the "Company"), a light oil-weighted producer focused...
2025-06-05 4:00 PM EDT
Saturn Oil & Gas Inc. Announces Voting Results of AGM
Calgary, Alberta--(Newsfile Corp. - May 22, 2025) - Saturn Oil & Gas Inc. (TSX: SOIL) (OTCQX: OILSF) ("Saturn" or the "Company"), a light oil-weighted producer focused on unlocking value through the development of our assets in Saskatchewan and Alberta, is pleased to announce the voting results of our Annual General Meeting of shareholders (the "Meeting") held on May 22, 2025. Saturn is pleased to report that that all matters presented at the Meeting were approved. A total of 145,965,898 common...
2025-05-22 4:00 PM EDT
Saturn Oil & Gas Inc. Announces First Quarter 2025 Results Highlighted by Record Production and Adjusted Funds Flow
Production of 41,680 boe/d represents a new quarterly record for the CompanyAdjusted funds flow(1) totaled $131.1 million ($0.66/share) with free funds flow(1) of $57.8 million ($0.29/share)Net debt(1) reduced by $46.3 million, or 5%, over year-end 2024US$15 million open market Senior Notes repurchase below par in April 2025 further improves leverage metricsCalgary, Alberta--(Newsfile Corp. - May 7, 2025) - Saturn Oil & Gas Inc. (TSX: SOIL) (OTCQX: OILSF) ("Saturn" or the "Company"), a light oil-weighted producer focused on unlocking value through...
2025-05-07 5:00 PM EDT
Saturn Oil & Gas Inc. Announces Release Date for Q1 2025 Results and Provides Conference Call / Webcast Details
Calgary, Alberta--(Newsfile Corp. - April 23, 2025) - Saturn Oil & Gas Inc. (TSX: SOIL) (OTCQX: OILSF) ("Saturn" or the "Company"), a light oil-weighted producer focused on unlocking value through the development of our assets in Saskatchewan and Alberta, confirms that the Company intends to report our Q1 2025 financial results on Wednesday, May 7, 2025 after market close. A conference call and webcast will be held on Thursday, May 8, 2025, at 8:00 am MT (10:00 am ET) for...
2025-04-23 5:00 PM EDT
Saturn Oil & Gas Inc. Provides Q1/25 Capital Program Update and Accelerates Debt Repayment with US$15 Million Senior Note Repurchase and Cancellation
Q1/25 capital program realized well outperformance averaging 20% above internal type curves(2), driving estimated average volumes over 41,600 boe/d(1)Opportunistically retired ~US$15 million of senior notes by allocating ~C$21 million to open market repurchases at prices below parContinued share buybacks with ~3.4 million shares repurchased to date in 2025, bringing total repurchases to 7.9 million shares since the program's launch in August 2024, or ~4% of outstanding Recognized by The Financial Times as the fastest growing energy company across all of...
2025-04-23 7:00 AM EDT
Saturn Oil & Gas Inc. Announces Record Q4 and Year End 2024 Results and Year End 2024 Reserves
Record 2024 exit volumes of 41,908 boe/d(2) and Q4/24 production of 41,051 boe/d (82% oil and liquids)Adjusted Funds Flow(1) of $2.10/share or $380.1 million in 2024 and $0.64/share or $129.2 million in Q4/24 39% current free funds flow yield(1)(15) based on $133.8 million ($0.74/share) of free funds flow(1) generated in 2024$5.56/share of net asset value on a proved developed producing (PDP) reserves basisRepurchased a total of 6.7 million shares to date through NCIB, improving per share metrics by driving current...
2025-03-13 6:45 PM EDT
Saturn Oil & Gas Inc. Announces Release Date for Q4 and Full Year 2024 Results and Provides Conference Call / Webcast Details
Calgary, Alberta--(Newsfile Corp. - February 25, 2025) - Saturn Oil & Gas Inc. (TSX: SOIL) (OTCQX: OILSF) ("Saturn" or the "Company"), a light oil-weighted producer focused on unlocking value through the development of assets in Saskatchewan and Alberta, confirms that the Company intends to report our Q4 and full year 2024 financial results, along with our year end 2024 independent reserves evaluation in accordance with National Instrument 51-101, on Thursday, March 13, 2025 after market close. A conference call and...
2025-02-25 4:00 PM EST
Saturn Oil & Gas Inc. Provides Operations Update Highlighted by Q4 2024 Production Ahead of Guidance Following Successful Capital Program
Estimated Q4/24 volumes above 41,000 boe/d(1) represents a new corporate record for SaturnEfficient capital program, continued type curve outperformance and production optimization drove volumesRobust hedges on oil prices, differentials and foreign exchange rates help mitigate current market volatilityCalgary, Alberta--(Newsfile Corp. - February 19, 2025) - Saturn Oil & Gas Inc. (TSX: SOIL) (OTCQX: OILSF) ("Saturn" or the "Company"), a light oil-weighted producer focused on unlocking value through the development of our assets in Saskatchewan and Alberta, is pleased to...
2025-02-19 5:00 PM EST
Saturn Oil & Gas Completes Vertical Amalgamation and Continuance Into Alberta
Calgary, Alberta--(Newsfile Corp. - January 3, 2025) - Saturn Oil & Gas Inc. (TSX: SOIL) (OTCQX: OILSF) (FSE: SMKA) ("Saturn" or the "Company"), a light oil-weighted producer focused on unlocking value through the development of assets in Saskatchewan and Alberta, today announces that, effective January 1, 2025, the Company completed a vertical short-form amalgamation with its wholly-owned subsidiary, Saturn Holdings SK Ltd. (the "Amalgamation"). Additionally, on January 3, 2025, the Company completed a continuance out of the jurisdiction of Saskatchewan...
2025-01-03 2:37 PM EST
Saturn Oil & Gas Inc. Announces 2025 Capital Budget and Guidance, Operational Update and Three-Year Outlook
Calgary, Alberta--(Newsfile Corp. - December 16, 2024) - Saturn Oil & Gas Inc. (TSX: SOIL) (OTCQX: OILSF) ("Saturn" or the "Company"), a light oil-weighted producer focused on unlocking value through the development of assets in Saskatchewan and Alberta, is pleased to provide our 2025 development capital budget and annual guidance, along with an operational update and Saturn's outlook for the next three years."Our development capital expenditures(2) budget of $300 to $320 million is targeting stable production averaging 38,000-40,000 boe/d(1) in...
2024-12-16 5:31 PM EST
Saturn Oil & Gas Inc. Reports Q3 2024 Results Highlighted by Record Quarterly Production, Adjusted EBITDA and Adjusted Funds Flow
Calgary, Alberta--(Newsfile Corp. - November 5, 2024) - Saturn Oil & Gas Inc. (TSX: SOIL) (OTCQX: OILSF) (FSE: SMKA) ("Saturn" or the "Company"), a light oil-weighted producer focused on unlocking value through the development of assets in Saskatchewan and Alberta, is pleased to report our financial and operating results for the three and nine months ended September 30, 2024. Saturn's Financial Statements, as well as Management's Discussion and Analysis ("MD&A") are available on our website and filed on SEDAR+ at...
2024-11-05 4:00 PM EST
Saturn Oil & Gas Inc. Announces Release Date for Third Quarter 2024 Results and Provides Conference Call / Webcast Details
Calgary, Alberta--(Newsfile Corp. - October 24, 2024) - Saturn Oil & Gas Inc. (TSX: SOIL) (OTCQX: OILSF) (FSE: SMKA) ("Saturn" or the "Company"), a light oil-weighted producer focused on unlocking value through the development of assets in Saskatchewan and Alberta, confirms that the Company intends to report our third quarter 2024 financial and operating results on Tuesday, November 5, 2024, after markets close. A conference call and webcast will be held on Wednesday, November 6, 2024, at 8:00 a.m. MT...
2024-10-24 7:00 AM EDT
Saturn Oil & Gas Inc. Ranks Fourth on The Globe and Mail's Sixth-Annual List of Canada's Top Growing Companies
Calgary, Alberta--(Newsfile Corp. - October 1, 2024) - Saturn Oil & Gas Inc. (TSX: SOIL) (FSE: SMKA) (OTCQX: OILSF) ("Saturn" or the "Company") is pleased to announce that the Company placed number four on the 2024 Report on Business ranking of Canada's Top Growing Companies, with three-year revenue growth of over 9,200%. The Company also earned the distinction of being the fastest-growing oil and gas company on the list for the second year in a row."With a team and strategy...
2024-10-01 7:00 AM EDT
Saturn Oil & Gas Inc. Announces Normal Course Issuer Bid
Calgary, Alberta--(Newsfile Corp. - August 23, 2024) - Saturn Oil & Gas Inc. (TSX: SOIL) (FSE: SMKA) (OTCQX: OILSF) ("Saturn" or the "Company") is pleased to announce that Saturn has received acceptance from the Toronto Stock Exchange ("TSX") in respect of its intention to make a normal course issuer bid (the "NCIB") to purchase and cancel up to 11,306,825 of its outstanding common shares ("Common Shares") during the one-year period from August 27, 2024 to August 26, 2025 (the "Expiry...
2024-08-23 8:30 AM EDT
Saturn Oil & Gas Inc. Reports Q2 2024 Financial and Operational Results Highlighted by Record Quarterly Production and Adjusted Funds Flow
Calgary, Alberta--(Newsfile Corp. - July 30, 2024) - Saturn Oil & Gas Inc. (TSX: SOIL) (FSE: SMKA) (OTCQX: OILSF) ("Saturn" or the "Company") is pleased to report its financial and operating results for the three and six months ended June 30, 2024."Saturn's capital structure changes implemented in Q2 2024, in conjunction with a major acquisition, will serve as an inflection point in establishing the Company as a leading independent growing energy producer in Western Canada." commented John Jeffrey, Chief Executive...
2024-07-30 6:34 PM EDT
Saturn Oil & Gas Inc. Announces the Closing of the Saskatchewan Asset Acquisition
Calgary, Alberta--(Newsfile Corp. - June 14, 2024) - Saturn Oil & Gas Inc. (TSX: SOIL) (FSE: SMKA) (OTCQX: OILSF) ("Saturn" or the "Company") today announced the completion of the previously announced acquisition of oil-weighted assets in Southern Saskatchewan (the "Acquisition"). The net cash purchase price of the Acquisition was funded by proceeds of the recently closed 9.625% high yield note ("Note") offering, together with the proceeds of the recently closed $100 million bought deal subscription receipt (the "Subscription Receipts") financing....
2024-06-14 4:10 PM EDT
Saturn Oil & Gas Inc. Announces Closing of US$650 Million Senior Secured Second Lien Note Offering
Calgary, Alberta--(Newsfile Corp. - June 14, 2024) - Saturn Oil & Gas Inc. (TSX: SOIL) (FSE: SMKA) (OTCQX: OILSF) ("Saturn" or the "Company") today announced that it has closed its previously announced private placement (the "Offering"), to eligible purchasers under Rule 144A and Regulation S of the Securities Act of 1933, as amended (the "Securities Act"), of US $650 million in aggregate principal amount of 9.625% senior secured second lien notes due 2029 (the "Notes") at par. The Notes to...
2024-06-14 3:49 PM EDT
Saturn Oil & Gas Inc. Announces Pricing of Upsized Offering of US$650 Million of Senior Secured Second Lien Notes Due 2029
Calgary, Alberta--(Newsfile Corp. - June 5, 2024) - Saturn Oil & Gas Inc. (TSX: SOIL) (FSE: SMKA) (OTCQX: OILSF) ("Saturn" or the "Company") today announced that it has priced its previously announced private placement (the "Offering"), to eligible purchasers under Rule 144A and Regulation S of the Securities Act of 1933, as amended (the "Securities Act"), of US $650 million in aggregate principal amount of 9.625% senior secured second lien notes due 2029 (the "Notes") at par. The Offering is...
2024-06-05 6:06 PM EDT
Saturn Oil & Gas Inc. Announces Proposed Private Offering of US$625 million of Senior Secured Second Lien Notes Due 2029
Calgary, Alberta--(Newsfile Corp. - June 4, 2024) - Saturn Oil & Gas Inc. (TSX: SOIL) (FSE: SMKA) (OTCQX: OILSF)("Saturn" or the "Company") today announced that, subject to market and other conditions, it intends to offer US$625 million in aggregate principal amount of senior secured second lien notes due 2029 (the "Notes") in a private offering (the "Offering") exempt from the registration requirements of the Securities Act of 1933, as amended (the "Securities Act"), to eligible purchasers under Rule 144A and...
2024-06-04 4:36 PM EDT